Klil Industries Stock Forecast - Naive Prediction

A naive forecasting model for Klil Industries is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Klil Industries value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Klil Industries Naive Prediction Price Forecast For the 12th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Klil Industries on the next trading day is expected to be 30,451 with a mean absolute deviation of 581.85, mean absolute percentage error of 830,606, and the sum of the absolute errors of 36,075.

Klil Industries Stock Forecast Pattern

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Klil Industries Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Klil Industries stock data series using in forecasting. Note that when a statistical model is used to represent Klil Industries stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. This model is not at all useful as a medium-long range forecasting tool of Klil Industries. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Klil Industries. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Klil Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Klil Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 28,047 28,050 28,053 Details

Intrinsic Valuation Low Real High 21,956 21,960 30,855 Details

Bollinger Band Projection (param) Low Middle High 15,765 21,934 28,104 Details

Other Forecasting Options for Klil Industries

For every potential investor in Klil, whether a beginner or expert, Klil Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Klil Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Klil. Basic forecasting techniques help filter out the noise by identifying Klil Industries' price trends.

Klil Industries Related Equities

Risk & Return

Correlation

Klil Industries Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Klil Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Klil Industries' current price.

Klil Industries Market Strength Events

Klil Industries Risk Indicators

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Klil Stock